Hong Kong's Hutchison Whampoa 2006 net profit up 40 pct; top end of forecasts |
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Published
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Thu, 22 Mar 2007 07:07
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HONG KONG (XFN-ASIA) - Hutchison Whampoa Ltd announced a 40 pct rise in 2006 net profit to 20.03 bln hkd from the year-earlier 14.34 bln, supported by growth in its core businesses, narrowing of 3G losses and a one-off gain from sale of a stake in its ports division.The earnings were at the top end of the range of forecasts of analysts surveyed by XFN-Asia.Total revenue for 2006 stood at 267.66 bln hkd against 241.86 bln a year earlier, while the earnings per share rose to 4.70 hkd from 3.36.The company declared a final dividend of 1.22 hkd a share, unchanged from the year earlier.Hutchison said its third-generation (3G) mobile operations recorded a loss of 20 bln hkd before interest and taxation, narrowing from a 36.28 bln loss posted a year earlier.It said it recorded revaluation gains of 3.8 bln hkd on investment properties, while asset disposal gains stood at 23.3 bln hkd, mainly from sale of a 20 stake in its ports division.(1 usd = 7.8 hkd)leonora.walet@xfn.comlw/rc
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Vodafone, Reliance consider buying into Hutchison Essar's parent - report 